India's oilseeds production has shown a generally increasing trend from 2014 to 2023, reaching 53.25 million metric tons in 2023. Notable fluctuations include a significant decline in 2015 by 11.19% and a strong recovery in 2016 by 13.41%. Over the last two years, the year-on-year variation has been modest, with a slight increase of 0.16% in both 2022 and 2023. The compound annual growth rate (CAGR) over the past five years averages at 0.2%.
Forecasts from 2024 through 2028 predict a steady increase in oilseeds production, with an average annual growth rate (CAGR) of 0.13%, culminating in an estimated production of 53.69 million metric tons in 2028. This represents a cumulative growth of 0.65% over the five-year forecast period.
Future trends to watch for include potential impacts from climate change, advances in agricultural technologies, and policy changes that may encourage or hinder growth. Additionally, global demand and market prices can significantly influence production decisions and overall output.
